🧐 Remember when we compared March 2024 to March 2017?

Both loops look very similar in terms of total 2 behavior.

What if we look at Bitcoin right now? Surprisingly, they look the same.

Follow the chart: price touches the ATH -> breaks it on the second try -> consolidates above it -> creates divergence there -> falls below the level again

In my opinion, the probability of this scenario happening now is quite high. There will be a detailed Bitcoin update in the next article.